QRG Capital Management Inc. Purchases 1,917 Shares of The Buckle, Inc. (NYSE:BKE)

QRG Capital Management Inc. increased its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,581 shares of the company’s stock after acquiring an additional 1,917 shares during the period. QRG Capital Management Inc.’s holdings in Buckle were worth $1,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Impala Asset Management LLC raised its stake in shares of Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after acquiring an additional 110,273 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Buckle in the 3rd quarter worth approximately $4,753,000. State Street Corp lifted its holdings in Buckle by 5.7% during the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock worth $58,849,000 after buying an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Buckle by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock valued at $53,509,000 after buying an additional 48,436 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of Buckle in the 3rd quarter valued at $1,629,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKE has been the subject of a number of research reports. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Buckle Stock Down 2.6 %

BKE stock opened at $39.00 on Tuesday. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25. The company has a market cap of $1.98 billion, a P/E ratio of 9.90 and a beta of 1.14. The business’s fifty day moving average is $46.76 and its 200-day moving average is $45.95.

Buckle Cuts Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is currently 35.53%.

Insider Transactions at Buckle

In other Buckle news, EVP Kari G. Smith sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $52.29, for a total value of $1,045,800.00. Following the sale, the executive vice president now directly owns 150,554 shares in the company, valued at approximately $7,872,468.66. This trade represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $51.37, for a total transaction of $1,050,670.61. Following the completion of the transaction, the chief executive officer now directly owns 1,760,187 shares of the company’s stock, valued at $90,420,806.19. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,542 shares of company stock worth $5,015,370. 39.80% of the stock is currently owned by company insiders.

Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.